Without a doubt, what exactly is a credit score that is bad?

Without a doubt, what exactly is a credit score that is bad?

You can find 3 credit that is main agencies in britain and all sorts of of them have actually various fico scores that get into the вЂ˜very poor’ or вЂ˜poor’ groups.

Transunion

Formerly referred to as CallCredit, Transunion provide you with a rating of between 0 and 710 and their credit assessments break up similar to this:

Score Rating
0 – 550 Really Poor
551 – 565 Poor
566 – 603 Fair
604 – 627 Good
628 – 710 Excellent

Experian

Experian are probably the most effective known and largest credit guide agency in britain. Scores here range from 0 to 999 and break up the following:

Rating Rating
0 – 560 Extremely Poor
561 – 720 Bad
721 – 880 Fair
881 – 960 Good
961 – 999 Excellent

Equifax

Among the UK’s credit reference agencies that are oldest, Equifax ratings get from 0 to 700 and break up the following:

Rating Rating
0 – 279 Extremely Poor
280 – 379 Poor
380 – 419 Fair
420 – 465 Good
466 – 700 Exemplary

Credit ratings are mainly here being a artistic reference for everyone, they may not be utilized by loan providers to determine whether or otherwise not to offer credit. Continua a leggere